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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
eXp World
eXp World (EXPI) investor relations material
eXp World Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
Revenue grew 4% year-over-year to $4.8 billion in 2025, with Q4 revenue up 9% to $1.2 billion.
International revenue surged 67% to $147 million, driven by expansion into 7 new countries.
Ended 2025 with 83,060 agents worldwide, with improved retention, productivity, and a 17% reduction in attrition.
Significant investments in AI, technology, and platform expansion supported operational improvements and agent engagement.
Distributed $87.0 million to shareholders in 2025 through stock repurchases and dividends.
Financial highlights
Gross profit for 2025 was $333.6 million; operating loss was $21.5 million for the year, $12.7 million for Q4.
Adjusted EBITDA was $33.2 million for 2025 and $2.1 million for Q4, both positive but down year-over-year.
Cash and cash equivalents rose to $124.2 million at year-end 2025.
Net cash provided by operating activities was $118.6 million for 2025.
Full-year operating expenses decreased to $355.0 million from $361.4 million in 2024.
Outlook and guidance
Q1 2026 revenue expected between $960 million-$980 million; Adjusted EBITDA $2 million-$5 million.
Full-year 2026 revenue guidance is $4.85 billion-$5.15 billion; Adjusted EBITDA $50 million-$75 million.
Operating expenses for 2026 projected at $325–$345 million.
Continued focus on leveraging technology investments for margin expansion and operational efficiency.
Explain the drivers of operating cash flow decline
What specific initiatives drive 2026 margin improvement?
Address the aNPS decline and retention strategy
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Next eXp World earnings date
Q1 20265 May, 2026
eXp World
Next eXp World earnings date
Q1 20265 May, 2026
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Frequently asked questions
eXp World Holdings, Inc., engages in the provision of cloud-based real estate brokerage services. The Company offers a cloud-based real estate platform called eXp Realty. The Company provides other services to its agents and customers, such as virtual office, real estate websites, and virtual tour tools. It is also the parent company of VirBELA, which offers cloud campus software solutions to support business and learning needs.
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